Skilling
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Vs.

ForexVox
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61% of retail CFD accounts lose money.

Skilling Vs. ForexVox - Compare Trustworthiness, Capabilities, Fees and Legitimacy

Updated Oct 20 2022

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Your Capital is at risk.

Visit

61% of retail CFD accounts lose money.

Overview

Skilling is a multi-platform global broker founded in 2016 that specialises in CFD trading over several asset classes.

ForexVox is a new trading name from Valutrades, a broker operating since 2012 that offers currencies, indices and commodities under FCA and FSAS regulation.

Best For
  • Forex traders who want relatively straightforward, intuitive platforms with low commissions
  • Beginner traders who need assistance implementing first trades
  • Experienced traders that look for an ECN account offering with commissions
  • Currency traders
Licenses

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

0

Other Licenses

2

Provided by
TheTradingBible.com

Learn More

Financial
Licenses

Regulation

Regulated

Top-tier Licenses

1

Other Licenses

1

Provided by
TheTradingBible.com

Learn More
🏛 Financial Regulators
  • CySec (Cyprus)
  • FSAS (Seychelles)
  • FCA (United Kingdom)
  • FSAS (Seychelles)
The Good
  • Multiple intuitive platforms for traders with different levels of experience
  • Several payment methods for deposits and withdrawals
  • No commission for standard accounts
  • Trade Assistant tool is great for beginners opening their first trade
  • FCA Regulation and being a trading name of ValuTrades (founded in 2012)
  • Scalping is allowed
  • Ecn account offered
The Bad
  • Doesn’t allow deleveragred trading or customizable leverage
  • Charges commission on forex and spot metal trading for premium accounts 
  • Asset offering is not that comprehensive
  • Poor asset offering (less than 100 instruments)
  • Low platform offering (only MT4 and MT5 available)
  • Client area lacks usability
  • Average spreads are high
Status
Operational Operational
Recent News

No fresh news at the moment. Check again soon!

No fresh news at the moment. Check again soon!

Key Data
⌛ Account Opening Time
1 day 1 hour
📋 Documents Required
  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

  • Valid identity document (Passport, ID Card, etc)
  • Valid proof of residence document (Bank statement, utility bills)

All documents must be under the account holder's name.

📍 Year Founded
2016 2020
💳 Minimum Deposit Range
From $100 to $5,000 0
💰 Payment Methods
  • Visa
  • Mastercard
  • Fasapay
  • Webmoney
  • PayRetailers
  • PayTrust
  • Pagsmile
  • Directa
  • NganLuong.vn
  • UnionPay
  • Skrill
  • Neteller
  • Bank Transfer
  • Visa
  • Mastercard
  • Skrill
  • Neteller
  • UnionPay
  • USDT (Tether)
  • Bank Transfer
  • SticPay
💵 Account Base Currencies
5 - EUR, USD, GBP, NOK, SEK. 3 - EUR, USD, GBP.
🗽 Available to U.S Citizens
No No
❌ Restricted Countries

US, SY, IR.

US, CA, SY, IR.

📊 STP Account
Yes Yes
📊 DMA Account
No No
📊 ECN Account
No Yes
Banking License
No No
Debit Card
No No
Assets
📚 Assets Type
CFDs CFDs
Total Asset Offering
938 104
Exchange Access
0 0
📙 Real Stocks
0 0
📙 Stock CFDs
762 0
📘 Currency Pairs
0 0
📘 Currency Pair CFDs
73 74
📗 Commodities
0 0
📗 Commodities CFDs
6 3
📕 Indices
0 0
📕 Indices CFDs
18 15
📔 ETFs
0 0
📔 ETFs CFDs
45 0
💸 Cryptocurrencies
0 0
💸 Cryptocurrency CFDs
34 5
📒 Bonds
0 0
📒 Bonds CFDs
0 0
📓 Options
0 0
📓 Options CFDs
0 0
📗 Futures
0 0
📗 Futures CFDs
0 7
Trading Experience
📈 Minimum Stock Trade Size
Variable - Fractions Allowed Unavailable
📉 Minimum ETFs Trade Size
Variable - Fractions Allowed Unavailable
📈 Minimum Crypto Trade Size
Varies per Cryptocurrency (Eg: 0.01 BTC, 0.5 LTC) Unavailable
📉 Minimum FX Trade Size
$1,000 (0.01 Lots) $1,000 (0.01 Lots)
📈 Minimum Commodities Trade Size
Varies per commodity (eg: Gold 0.1 contracts, Silver 10 contracts) $1,000 (0.01 Lots)
📉 Minimum Bonds Trade Size
Unavailable Unavailable
📈 Minimum Futures Trade Size
Unavailable $1,000 (0.01 Lots)
📉 Minimum Options Trade Size
Unavailable Unavailable
💪 Retail Leverage
30 30
💪 Professional Leverage
500 500
✍ Customisable Leverage
No Yes
🎲 Deleveraged Trading
No No
🎓 Demo Account
Yes Yes
📱 IOS App
Yes No
📱 Android App
Yes No
📺 MetaTrader 4
Yes Yes
📺 MetaTrader 5
No Yes
📺 cTrader
Yes No
💻 Web trader
Yes Yes
💻 TradingView Platform
Yes No
💻 Proprietary Platform
Yes No
📊 Multi-chart Tools
Yes Yes
👬 Copy Trading
Yes No
👫 Social Trading
No Yes
🔑 Guaranteed Stop-loss
No No
🔨 Trailing Stop-loss
Yes Yes
Fees
💰 Inactivity Fee
None None
💰 Deposit Fees
None None
💰 Withdrawal Fees
None None
💰 Commissions

Skilling charges commission on its forex pairs and spot metals for its premium account. The commission starts from $35 per million USD traded (eg: EUR/USD $35, GBP/USD $40 and Gold $60).

  • No commissions on their standard account
  • A $7 per lot round turn commission on their ECN account
Spreads
📈 EUR/USD
Dynamic - From 0 to 1.3 Pips Dynamic - From 1 Pip
📉 SP500
Dynamic - From 120 Pips Dynamic - From 135 Pips
📈 GOLD
Dynamic - From 36 Pips Dynamic - From 16 Pips
📉 TSLA (Stock CFD)
Dynamic - From $4.62 Unavailable
📈 XLK (ETF - CFD)
Dynamic - From $0.84 Unavailable
📉 BTC
Dynamic - From $131.8 Unavailable
Research and Analysis
⭐ Watchlists
Yes Yes
🔭 Stock Screener
No No
🗓 Economic Calendar
Yes No
📜 Integrated Newsfeed
Yes Yes
📡 Reuters Feed
No No
📡 Educational Content
No Yes
📡 Live Chat Support
No Yes
📡 Video Tutorials
No Yes
📡 Account Management
No No
📡 Webinars
No No